Sr Actuarial Analyst

USI Insurance Services • Minneapolis, MN

206d • $70,000 - $80,000

About The Position

The Defined Benefits Senior Actuarial Analyst performs analysis and calculations necessary to complete client pension projects for review by Actuaries and completes peer review of other Actuarial Analysts' work. He/she is involved in numerous client projects simultaneously and must manage their contribution to project time and budget effectively to ensure a correct and complete client deliverable. The Senior Actuarial Analyst at this level is expected to complete the assigned duties independently with limited instruction.

Requirements

• Bachelor Degree in Mathematics, Actuarial Science, Computer Science or Finance.
• 3-5 years of post-education pension actuarial experience.
• Functional in MS Office software (Word, Excel).
• Strong analytical and communication skills.
• Ability to multi-task and juggle priorities.
• Flexibility to work overtime to meet client demands.
• Team orientated.

Nice To Haves

• Completion of actuarial exams is not required.

Responsibilities

• Attend scheduled training sessions over 12-18 month period to gain familiarity and competency to perform all responsibilities associated with the Actuarial Analyst role.
• Draft the actuarial valuation and maintain plan record keeping for assigned clients and finalize after actuarial review.
• Prepare and review the client GASB 75,73, and 101 valuations.
• Prepare and review with the all the actuarial valuation and disclosure processes.
• Prepare and review the financial impacts of the ASC 715 Pension Expense Calculation (including settlement transactions) and Disclosure Statement.
• Prepare and review and deliver the participant annual funding notice and actuarial AFTAP certification.
• Prepare and assist with the client filing process for the IRS Form5500 package.
• Draft the participant annual funding notice and actuarial AFTAP certification.
• Help to complete IRS Form 5500, along with appropriate schedules and attachments and deliver it in an appropriate timeframe to the client.
• Help to complete the Pension Benefit Guaranty Corporation (PBGC) Comprehensive Premium Form for determining premium payments to comply with PBGC regulations.
• Formulate and process benefit calculations and projected benefit estimates.
• Complete special project assignments as requested by the client or actuary.
• Ability to work within various software applications to become efficient in completing client assignments.
• Foster and maintain a friendly and collaborative atmosphere within the department and company.

Benefits

• Competitive pay, incentives, and benefits.
• Award-winning wellness program.
• College scholarships for associates' children.
• Financial help in times of need.
• Generous paid time off policy.
• Paid family leave benefit.
• Paid holiday time.
• Medical, wellness, dental and vision insurance.
• 401(k) plan.
• Flexible spending and health savings accounts.
• Short and long-term disability insurance.
• Life insurance and other unique employer-sponsored and voluntary programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree